Uravan Commences Drilling at Outer Ring-MATH Projects

Uravan Minerals (TSXV:UVN) announced that it has began diamond drilling operations on its Outer Ring (OR) and contiguous Mathison Lake (MATH) projects in the Pasfield Lake area of the Athabasca Basin.

The press release is quoted as saying:

This is a follow-up program based on encouraging information obtained from Uravan’s previously completed OR drill program [August 22, 2011 press release]. The OR-MATH program amounts to completing three (3) diamond drill-holes totalling approximately 2100 meters of drilling [view map]. Drill depths to the unconformity are estimated to be 700 meters. Completion of the program is estimated to be in late October 2011.

The OR-MATH drill program is targeting a geophysical corridor coincident with anomalous surface geochemical signatures. The surface anomalies were identified by Uravan’s technical group in collaboration with its research partners³ arising from a multifaceted surface sampling program completed over the projects in 2010 and recently in June 2011. The favourable geophysical features comprise a strong EM (electromagnetic) conductor that correlates with a deep magnetic low. The geophysical data were collected by Geotech Limited from an airborne ZTEM survey completed over the MATH project in 2009 by ESO Uranium.

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